Net Leased Investment Property For Sale - 9.0 % CAP RATE

Retail-Commercial for Sale
Catylist Listing ID: 30720408
Property Subtypes: Free-Standing Building, Mixed Use, Other
Building Size (RSF): 10,000 SF
Gross Land Area: 2.86 Acres
Sale Price: $690,000
Unit Price: $69 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller
Cap Rate: 8.7%
Last Updated: 9/13/2021

Overview / Comments

GREAT INVESTMENT OPPORTUNITY WITH 9 % CAP RATE.

Property is 100% leased. New long-term NNN leases executed on 7,000 SF and 3,000 SF suites. Annual Net Operating Income approx. $63,000.

10,000 square foot custom log structure located in West Shreveport just North of the LA 3132 Inner Loop Expressway. Property has been split into two suites of 7,000 SF and 3,000 SF. The 3,000 SF suite has 3 year lease with tenant effective 03/12/21. The 7,000 SF suite has 5 year lease with tenant effective 03/24/21.

Property located on 2.86 acres and provides ample parking.

Additional Details

Nearest MSA: Shreveport-Bossier City
County: Caddo
Tax ID/APN: 171434017002000
Zoning: C-UC
Property Visibility: Good
Largest Nearby Street: Jewella Avenue
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Total Parking Spaces: 40
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,139 65,062 139,142
Median Age: 34.2 34.3 35.29
Households: 3,615 24,891 55,640

Contact

Photograph of Listing Agent

Eric Gibbs

Walker-Alley & Associates
Shreveport, LA
LACDB Member
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